North East ISD homeowners could pay more in taxes with potential bond

The average homeowner in the North East Independent School District would pay about $70 more in taxes next year if the district calls a November bond election to fund project costs totaling nearly $400 million and if voters approve it.

To pay for a $399,410,000 bond, the average homeowner with a house valued at $160,870 would pay $5.79 more per month, or $69.48 per year, in 2012, according to estimates released by the district last week.

In 2013, that figure would rise to $5.95 more per month, or $71.40 more a year. In 2014, the average homeowner would pay $8.03 more per month, or $96.36 more per year.

The estimates are based on assumptions that property value will not grow.